Saturday, March 06, 2004

Why the Jobs Ain't There

From the NYT, Joshua Shapiro, chief United States economist at NY economic research firm Maria Fiorini Ramirez, explaining why the job market is still sluggish:
To the extent that companies can squeeze another drop of blood out of their existing work force, they're doing it. Eventually you reach the point where there's no more blood to be given, but we haven't reached it yet.

No comments: